AST SpaceMobile stock drops 12% after Blue Origin's satellite launch fails, satellite lost in wrong orbit.

AST SpaceMobile's stock fell nearly 12% after Blue Origin's New Glenn rocket placed its BlueBird 7 satellite into a lower-than-planned orbit, resulting in the satellite being lost. The company expects the satellite loss cost to be covered by insurance and plans to continue launching satellites regularly, with three more ready to ship soon. Analysts see limited financial impact but note the event could affect investor sentiment, as AST's success is now closely tied to Blue Origin's rocket performance. Future launches may carry multiple satellites, making Blue Origin's reliability crucial for AST's growth targets.